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> The idea of Mittelstand business is to be conservative, low in debt, turn a profit, keep a company private, usually under multi-generational family control an
by tablespoon 4y ago
> The idea of Mittelstand business is to be conservative, low in debt, turn a profit, keep a company private, usually under multi-generational family control and from the very beginning make decisions for the long term, and keep employees around for life.
Aren't there a fair number of startups that could achieve that, but get blown up because the VC model only allows for abject failures or unicorns.
- johannes1234321 4y agoYes, once you take the VC track, you have to grow or will fail. You gave away control for money. For the "Mittelstand" path you have to look for growth paths with the aim of sustainability. Find a niche and fullfil the needs there.
- MichaelZuo 4y agoAlso seems like an opportunity for a couple of perceptive and honest VCs to invest in companies before they get blown up by less discerning folks who get cold feet in the Series B round. Walking away with $50 mil is a lot better than with liquidation value.